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31 Cards in this Set
- Front
- Back
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Competitions that require large investment |
-sizable talent pool -highly prepared competitors -Performance influenced by preparation -Low level of luck/performance fluctuation |
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Choosing the right pond |
Competitors pick fields for which they have the highest potential for rewards |
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Leap of faith |
commitment to intense investment in pursuit of an outcome in the face of deep objective uncertainty about the outcome |
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Race to the bottom |
unregulated competition leads to erosion of morals unrelated to winning (young players) |
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Taboo market |
Market where exchanging money for goods/services is morally controversial |
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Amateurism |
Restriction on eligibility of competitors based on rewards received in past play |
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Cumulative advantage/Matthew Effect |
success provides resources helpful to further success |
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Fair-weather fan |
A sport consumer whose expenditures on a team are based on team performance |
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Feedback mechanism |
when a chain of causes and effects form a loop over time |
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reinforcing mechanism |
feedback loop increasing inequalities over time |
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death spiral |
a reinforcing mechanism with negative results that could result in the elimination of the entity |
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How to achieve competitive balance |
-Draft -Salary Cap -revenue sharing |
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Balancing mechanism |
feedback loop that reduces inequality between entities |
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Redistribution of wealth |
mechanism by which resources are shifted from richer to poorer |
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Principle agent problem |
when a person with a stake in the outcome is dependent on someone else to act on their behalf |
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aligned incentives |
When a behavior that best rewards the agent also best rewards the principle |
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Fundamental attribution error |
tendency to overstate internal attributions and understate situational attributions |
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Locus of control |
the extent to which individuals feel they can control what happens to them |
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Specialized investment |
High investment in skills optimal for particular athletic activity |
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Morphological selection |
social process by which particular body types become dominant in particular competitions/roles |
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Big Bang of Body Types |
All athletes had the same body type, then it shot out everywhere |
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Result of high competition on body types |
More competitive=fewer people w/ the right morphology Each athlete type is more distinctive from others |
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Anna Karenina Contest |
Contest by which any number of deficiencies prevent winning |
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10,000 hours |
deliberate practice necessary to be an expert at something |
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Deliberate practice |
repetitive work intentionally designed for skill development rather than maximizing enjoyment or accumulating experience |
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Result of increased popularity |
Fun activities are less fun because of the increased emphasis on deliberate practice and decreased variation among competitors |
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Self-fulfilling prophecy |
reinforcing mechanism in which one's belief about what will happen prompts the actions that makes the event more likely to happen (I think I can) |
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Monopoly of violence |
Sovereigns claim exclusive rights to authorize legitimate violence (referees) |
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Why is violence regulated |
-Intimidation is a key factor in sports -Violence provokes fights over rank, b/c rank ambiguity |
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Face |
claims to level of deference and respect with which one deserves to be treated |
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Norms |
collective understanding of acceptable behaviors in particular settings |
